BILL Reports Fourth Quarter and Fiscal Year 2026 Financial Results (Form 8-K)

BILL Reports Fourth Quarter and Fiscal Year 2026 Financial Results

•FY26 Total Revenue was $1.7 Billion and Increased 13% Year-Over-Year

•FY26 Core Revenue was $1.5 Billion and Increased 16% Year-Over-Year

•Q4 Total Revenue Increased 14% Year-Over-Year

•Q4 Core Revenue Increased 16% Year-Over-Year

SAN JOSE, Calif.--(BUSINESS WIRE) - August 19, 2026 - BILL (NYSE: BILL), the financial operations platform trusted by nearly half a million businesses to manage, move, and maximize their money, today announced financial results for the fourth quarter and fiscal year ended June 30, 2026.

"Our results for the year demonstrate the durability of our business. We continue to see strong demand for BILL's integrated platform, with increasing adoption of our AI capabilities," said René Lacerte, BILL CEO and Founder. "The structural changes we've implemented position us well to develop and deliver AI-native solutions for the Fortune 5 million."

"In Q4, we delivered 16% core revenue growth with strong non-GAAP profitability - demonstrating that growth and margin expansion are not a trade-off at BILL," said Rohini Jain, BILL Chief Financial Officer. "We enter FY'27 on a clear path to meaningful GAAP profitability, with the focus, accountability, and alignment to sustain it."

Financial Highlights for the Fourth Quarter of Fiscal 2026:

•Total revenue was $436.2 million, an increase of 14% year-over-year.

•Core revenue, which consists of subscription and transaction fees, was $400.5 million, an increase of 16% year-over-year. Subscription fees were $76.2 million, up 11% year-over-year. Transaction fees were $324.3 million, up 17% year-over-year.

•Float revenue, which consists of interest on funds held for customers, was $35.7 million.

•Gross profit was $356.2 million, representing an 81.7% gross margin, compared to $309.8 million, or an 80.8% gross margin, in the fourth quarter of fiscal 2025. Non-GAAP gross profit was $370.3 million, representing an 84.9% non-GAAP gross margin, compared to $322.7 million, or an 85.0% non-GAAP gross margin, in the fourth quarter of fiscal 2025.

•Operating loss was $34.3 million, compared to an operating loss of $22.3 million in the fourth quarter of fiscal 2025. Non-GAAP operating income was $101.6 million, compared to $56.4 million in the fourth quarter of fiscal 2025, an increase of 80% year-over-year.

•Net loss was $18.5 million, or $0.19 per share, basic and diluted, compared to a net loss of $7.1 million, or $0.07 per share, basic and diluted, in the fourth quarter of fiscal 2025. Non-GAAP net income was $94.0 million, or $0.84 per diluted share, compared to non-GAAP net income of $61.6 million, or $0.53 per diluted share in the fourth quarter of fiscal 2025.

Financial Highlights for Fiscal Year 2026:

•Total revenue was $1,653.2 million, an increase of 13% year-over-year.

•Core revenue, which consists of subscription and transaction fees, was $1,504.7 million, an increase of 16% year-over-year. Subscription fees were $293.5 million, up 8% year-over-year. Transaction fees were $1,211.2 million, up 18% year-over-year.

•Float revenue, which consists of interest on funds held for customers, was $148.4 million.

•Gross profit was $1,337.9 million, representing an 80.9% gross margin, compared to $1,190.5 million, or an 81.4% gross margin, in the prior fiscal year. Non-GAAP gross profit was $1,396.2 million, representing an 84.5% non-GAAP gross margin, compared to $1,242.7 million, or an 85.0% non-GAAP gross margin, in the prior fiscal year.

•Operating loss was $73.4 million, compared to an operating loss of $80.6 million in the prior fiscal year. Non-GAAP operating income was $323.7 million, compared to $239.5 million in the prior fiscal year, an increase of 35% year-over-year.

•Net loss was $11.2 million, or $0.11 per share, basic and diluted, compared to net income of $23.8 million, or $0.23 and $(0.07) per share, basic and diluted, respectively, in the prior fiscal year. Non-GAAP net income was $314.8 million, or $3.15 and $2.77 per basic and diluted share, respectively, compared to non-GAAP net income of $251.8 million, or $2.43 and $2.21 per basic and diluted share, respectively, in the prior fiscal year.

Business Highlights and Recent Developments:

•Served 479,300 businesses using our solutions as of the end of the fourth quarter.1

•Processed $98 billion in total payment volume in the fourth quarter, an increase of 14% year-over-year.

•Processed 37 million transactions during the fourth quarter, an increase of 14% year-over-year.

•As of June 30, 2026, 9.2 million BILL standalone network members have originated or received an electronic payment using our platform, an increase of 11% year-over-year.

•Welcomed Jonathan Leaf as Chief Revenue Officer to lead BILL's global revenue organization, spanning sales, marketing, embedded partnerships, and customer experience.

•Repurchased approximately 8.4 million shares of BILL common stock in the fourth quarter for a total cost of approximately $300 million.

Financial Outlook

We are providing the following guidance for the fiscal first quarter ending September 30, 2026 and the full fiscal year ending June 30, 2027.

			Q1 FY27 Guidance						FY27 Guidance
Total revenue (millions)			$432.5 - $442.5						$1,807.0 - $1,857.0
Year-over-year total revenue growth			9% - 12%						9% - 12%
Core revenue (millions)			$398.0 - $408.0						$1,669.0 - $1,719.0
Year-over-year core revenue growth			11% - 14%						11% - 14%
Rewards expense (millions)			$92.5						$401.5
Non-GAAP operating income (millions)			$112.5 - $117.5						$421.0 - $451.0
Non-GAAP net income (millions)			$98.0 - $102.0						$370.5 - $394.5
Non-GAAP net income per diluted share			$0.96 - $1.00						$3.56 - $3.79

The outlook for non-GAAP net income and non-GAAP net income per diluted share includes a non-GAAP provision for income taxes of 20%. The outlook for non-GAAP net income per diluted share does not take any future repurchases of BILL shares into account, as the impact of such repurchases on a per diluted share basis is not reasonably estimable.

This quarter, we are additionally providing guidance for our rewards expense for the fiscal first quarter ending September 30, 2026 and the fiscal year ending June 30, 2027. We are providing such guidance in anticipation of a planned voluntary change in our revenue presentation, beginning with our quarterly report for the fiscal quarter ending September 30, 2026, pursuant to which we will net rewards expense directly from core revenue (and total revenue) rather than recording it as an operating expense under sales and marketing. We believe this presentation will better represent the economic substance of our Spend and Expense offering and will align with prevailing industry practice, facilitating better comparability of our financial results for investors. The total revenue and core revenue guidance above is presented before deducting rewards expense and does not reflect the planned change described here.

These statements are forward-looking and actual results may differ materially. Refer to the "Note on Forward-Looking Statements" below for information on the factors that could cause our actual results to differ materially from these forward-looking statements.

Refer to "Non-GAAP Financial Measures" below for additional information on our non-GAAP financial measures and to the

reconciliation tables at the end of this press release for the reconciliation of GAAP and non-GAAP results. BILL has not provided a reconciliation of its non-GAAP operating income, non-GAAP net income or non-GAAP net income per diluted share guidance to the most directly comparable GAAP measures because certain items excluded from GAAP cannot be reasonably calculated or predicted at this time. Accordingly, a reconciliation is not available without unreasonable effort.

Conference Call and Webcast Information

In conjunction with this announcement, BILL will host a conference call for investors at 1:30 p.m. PT (4:30 p.m. ET) today to discuss fiscal fourth quarter and fiscal year 2026 results and our outlook for the fiscal first quarter ending September 30, 2026 and

1 Businesses using more than one of our solutions are included separately in the total for each solution utilized.

fiscal year ending June 30, 2027. The live webcast and a replay of the webcast will be available at the Investor Relations section of BILL's website: https://investor.bill.com/events-and-presentations/default.aspx.

About BILL

BILL (NYSE: BILL) the intelligent finance platform trusted by nearly half a million businesses and their accountants to manage, move, and maximize their money. BILL powers businesses ranging from fast-moving startups to growing companies with complex operations. We use AI to deliver strategic finance capabilities in one integrated platform that includes AP, AR, expenses, forecasting, procurement and more. With a member network of more than 9 million, BILL's platform processes ~1% of US GDP annually. Headquartered in San Jose, California, BILL is a trusted partner of leading U.S. financial institutions, accounting firms, and software providers. For more information, visit bill.com.

Note on Forward-Looking Statements